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Drilling operations reached a final depth of 3,887 meters and yielded 2,112 barrels per day of condensate and 22.08 million standard cubic feet of gas per day (MMSCFD), according to a filing by POL. POL holds a 25% working interest in the block, while OGDCL has a 27.763% stake.
The report examines the effects on AECO hub gas pricing, the Canadian benchmark price for natural gas, from what is expected to be exceptional levels of condensate-directed Montney drilling in the coming years. The good news is that prices for condensate produced by many operators alongside natural gas volumes will likely be quite robust.
Total oil and condensate production rose to 2.15 In the first half of 2025, Kazakhstan’s crude oil production (excluding condensates) averaged 1.79 Energy Minister Yerlan Akkenzhenov confirmed in May that “the republic has no right to enforce production cuts” on foreign operators. million bpd in June, up from 2.02
Israeli authorities allowed the Chevron-operated Leviathan natural gas and condensate field to restart production, after ordering a pause about two weeks ago amid Israel's exchange of attacks with Iran.
Continued Maintenance Investment to Drive Free Cash Flow; High-Graded Portfolio Bolsters Financial Resiliency Highlights: Generated cash from operating activities of $873 million, Non-GAAP Cash Flow of $1,004 million and Non-GAAP Free Cash Flow of $387 million after capital expenditures of $617 million First quarter oil and condensate production was (..)
Anadarko Basin operations are primarily in Oklahoma (SCOOP/STACK plays), with some assets extending into southern Kansas and the Texas Panhandle in the case of Mach. Ovintiv (OVV) – Oklahoma (Anadarko Basin) Operations Ovintiv (formerly Encana/Newfield) holds significant acreage in Oklahoma’s STACK/SCOOP (Anadarko Basin).
With that in mind, OilPro now offers condensate recovery solutions that do exactly that. OilPro offers proven, practical, and cost-effective technology to reduce/ eliminate tank emissions and strip valuable condensate otherwise vented or flared. What is the purpose of a condensate recovery solution?
Condensate, Contiguity, and Competitive Returns The volatile oil window of eastern Ohio — covering counties like Carroll, Guernsey, Harrison, and Noble — has seen a sharp rise in condensate production. per share, payable October 31, 2025. Why the Utica? CPP manages net assets of $26.4
Scheduled to be operational in mid-2021, the station will refuel vehicles powered by liquified petroleum gas (LNG) and compressed natural gas (CNG). The cryogenic condenser will enable boil-off gas […]. sk-Osowa, Poland.
Central Asias largest oil producer will pump a daily average of 277,000 metric tons of crude and condensate in May, the same level as in April, and compared with 260,000 metric tons in March, the Astana-based Energy Ministry said by email. Kazakhstan typically pumps about 260,000 barrels a day of condensate, which is a type of a light oil.
As the block’s operator, Inpex said it discovered multiple conventional oil, condensate and gas layers through the drilling of exploratory wells conducted since May 2021. The natural gas used as a raw material in the process is domestically sourced from the Inpex-operated Minami-Nagaoka Gas Field in Niigata Prefecture.
We’re committed to reducing emissions intensity and embedding sustainability into all aspects of our operations,” said Setoguchi. Operating an integrated network of natural gas processing, NGL transportation, storage, and marketing assets, Keyera provides essential midstream services across the energy value chain.
(Oil Price) –Kazakhstan cannot reduce its oil production as it has no right to impose output reductions on international firms that are operating more than 70% of Kazakhstans oilfields, Energy Minister Yerlan Akkenzhenov said on Thursday. The deal doesnt cover condensate production and has no limits on it.
(TSXV: TUK) (“Tuktu” or the “Company“) is pleased to announce its financial and operating results for the three months ended March 31, 2025, as well as an operations update. Selected financial and operating information should be read in conjunction with Tuktu’s unaudited interim condensed [Read more]
Explore the impact of increased oil sands production on the Canadian condensate and AECO gas markets. This surge will create a significant need for condensate, particularly from the Montney play in Alberta and B.C. However, this increased demand for condensate will also have implications for AECO hub gas pricing.
CALGARY, AB, May 7, 2025 /CNW/ – Vermilion Energy Inc. (“Vermilion”, “We”, “Our”, “Us” or the “Company”) (TSX: VET) (NYSE: VET) is pleased to report operating and condensed financial results for the three months endedMarch31, 2025.
The OTCQB, operated by OTC Markets Group in New York, is a U.S. Leveraging industries’ most advanced technologies they aim to commercialize their flagship asset, the 100% owned Kiskunhalas Project in southern Hungary, a significant gas-condensate resource in the heart of Europe. and international companies.
. (“Rubellite” or the “Company”), is pleased to report its first quarter 2025 financial and operating results and provide an operations and guidance update.
As companion documents to this news release, please review the Company’s management discussion and analysis (MD&A) and condensed consolidated interim financial statements for the first quarter 2025 (available [Read more]
In its statement, the RRC highlighted that crude oil production reported by the RRC is limited to oil produced from oil leases and does not include condensate, which the organization said is reported separately by the RRC.
This chilling process is the key to separating valuable Natural Gas Liquids (NGLs) and achieving the precise dew point control required by pipeline operators. This guide will provide a deep dive into the world of JT skids, exploring the science behind their operation, the immense benefits of custom engineering, and their ideal applications.
In addition, the Company also provides initial results related to hydrocarbon production in the first quarter of 2025 (“Q1”)from its non-operated asset portfolio in theWilliston Basin,North DakotaandMontana,U.S.(the Gross Recoverable Condensate (MMBC) 3.5 the “Paradox project”).In
The Innopipe system is your key to revolutionizing natural gas pipeline operations with unparalleled efficiency and cost savings. By removing produced water, condensates, and chemicals, Innopipe improves pipeline integrity, reduces corrosion, minimizes inhibitor use, and extends the lifespan of your assets. What Makes Innopipe Unique?
In May XRG said it had obtained a 38 percent stake in the Block I gas and condensate fields on Turkmenistan’s side of the Caspian Sea. Block I produces about 400 million cubic feet a day of natural gas, according to operator Petroliam Nasional Bhd. In the gas sector, XRG has already acquired stakes in different countries.
With Instant Analyst – Courthouse , the first AI-powered solution designed for title researchers to tackle the increasing complexity of courthouse documents, Enverus customers can now obtain accurate summaries and critical details by analyzing and condensing information from more than 350 million records.
This critical initial step, gas separation, lays the foundation for efficient and safe downstream operations. We will explore the inherent challenges in gas separation, the mechanics of these innovative devices, and the tangible benefits they bring, including enhanced operational reliability, reduced maintenance, and superior product quality.
TSX:PSD) (OTCQX:PLSDF) (Pulse or the Company) is pleased to report its financial and operating results for the three months ended March 31, 2025. The unaudited condensed consolidated interim financial statements, accompanying notes and MD&A are being filed on SEDAR+ (www.sedarplus.ca) and will be available [Read more]
CALGARY, AB, April 7, 2025 /CNW/ –Vermilion Energy Inc. (“Vermilion” or the “Company”) (TSX: VET) (NYSE: VET) will release its 2025 first quarter operating and condensed financial results on Wednesday, May 7, 2025 after the close of North American markets.
. (“Tenaz”, “We”, “Our”, “Us” or the “Company”) (TSX: TNZ) is pleased to announce financial and operating results for the three months ended March 31, 2025.
The merged company will operate under the Whitecap Resources name and will be headquartered in Calgary, Alberta. Strategic Asset Base and Production Outlook The combined company now holds a high-quality, light oil and condensate-weighted portfolio with 1.5 million net acres across the Alberta Montney and Kaybob Duvernay formations.
Elevated condensate-yields were observed (in a range of 60-200 barrels of oil (“bo”) per million standard cubic feet (“mmscf”) with an 85 bo/mmscf average). Water cut was less than 0.5% million barrels of oil equivalent (“mmboe”), 2C resources of 34 mmboe and 2U resources 270 mmboe.
In pursuit of efficiency and minimal environmental impact, vapor recovery units (VRUs) are now indispensable in gas processing operations. At Pro-Gas LLC, we recognize the critical role these systems play in our commitment to sustainable and profitable operations. These systems are vital to the safe, and efficient operation of the VRU.
Specifically, the acquisition is accretive on an annualized basis to 2025 EBITDA by 10%, and cash flow from operations and free cash flow by 9%. Accretive financial metrics The transaction is immediately accretive to EOGs net asset value as well as all per-share financial metrics.
Lime Rocks CBP operations are located in the Permian Basin in Andrews County, Texas, and are focused on the development of approximately 17,700 net acres where the majority are similar to Rings existing CBP assets in the Shafter Lake area, and the remaining acreage exposes the Company to new active plays. ABOUT RING ENERGY, INC.
The first South Pars Gas Refinery achieved strong operational performance during the Iranian year 1403 (March 2024 March 2025), producing over 10 billion cubic meters (bcm) of sweetened gas, according to a report by SHANA. In addition to sweetened gas, the refinery also produced over 7.26
The project will also install high-efficiency, next-generation heat pumps with a total capacity of 5 MW and condensing boilers with a combined capacity of 4.6 In March Plenitude acquired from EDP Renewables North America a 49 percent stake in two operational solar plants and an electricity storage facility in construction in California.
The name “JT skid” is derived from the Joule-Thomson effect , a fascinating thermodynamic principle that underpins the system’s operation. In a JT skid, this principle is harnessed to cool and condense the gas, facilitating the separation of liquids and impurities.
. (“Whitecap”) (TSX: WCP) and Veren Inc. (“Veren”) (TSX: VRN) (NYSE: VRN) are pleased to announce a strategic combination to create a leading light oil and condensate producer with concentrated assets in the Alberta Montney and Duvernay. per share, representing a 67% increase in base dividend for Veren shareholders.
Today, it is an area ripe with innovation, driven by stricter environmental regulations, the demand for unprecedented operational efficiency, and the rise of new and unconventional gas sources. This data is fed back to a central control room, often miles away, allowing operators to monitor performance remotely.
The discoveries reflect the Ministry of Petroleum and Mineral Resources ( MoPMR ) commitment to maximizing production rates and encouraging operating companies to increase exploratory drilling activities, highlighting the promising potential of Egypt’s energy sector, The discoveries have been tested and evaluated, with daily production rates, (..)
Here is a summary of some of the energy assets and companies affected: SAKHALIN-1 OIL AND GAS PROJECT Exxon MobilCorp (NYSE: XOM ) held a 30% operator stake in Sakhalin-1, which is a project to develop oil and gas off the coast of Sakhalin Island. Russian company Rosneft, Indias ONGC Videsh and Japans SODECO were partners.
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